Union Budget 2012

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Parekh is now betting on Union Budget to revive the consumption story. He said that these are difficult times and expects the Finance Ministry to introduce sops for industry as well for the individuals.

Business chambers will meetFinance Minister Arun Jaitley on Saturday for pre-Budgetconsultations where they are likely to press for earlyimplementation of GST as well as certain steps to boostexports and the economy.

Britain has cut its official forecasts for economic growth for the next two years, finance minister Philip Hammond said on Wednesday, as he delivered the country's first budget statement since voters decided to leave the European Union.

"The basic exercise to prepare three-year action plan, which would become basis for various central budgetary allocations, will be over in couple of weeks. NITI Aayog is likely to submit final document by December-end," a source privy to the development said.

RSS-affiliated Bhartiya Mazdoor Sangh (BMS), which will also participate in the deliberations, said that it will urge the government to implement its notification to raise minimum wage from Rs 102 to Rs 350 per day for the entire country.

"As announced in the Union Budget 2016-17, it has now been decided to expand the investment basket of eligible instruments for investment by FPIs under the corporate bond route," RBI said in a notification.

Trade unions will raise the issueof minimum wage of Rs 21,000 per month for workers as well asa minimum pension of Rs 3,000 a month with Finance MinisterArun Jaitley in the pre-budget consultations this week.

Parekh is now betting on Union Budget to revive the consumption story. He said that these are difficult times and expects the Finance Ministry to introduce sops for industry as well for the individuals.

Business chambers will meetFinance Minister Arun Jaitley on Saturday for pre-Budgetconsultations where they are likely to press for earlyimplementation of GST as well as certain steps to boostexports and the economy.

Britain has cut its official forecasts for economic growth for the next two years, finance minister Philip Hammond said on Wednesday, as he delivered the country's first budget statement since voters decided to leave the European Union.

"The basic exercise to prepare three-year action plan, which would become basis for various central budgetary allocations, will be over in couple of weeks. NITI Aayog is likely to submit final document by December-end," a source privy to the development said.

RSS-affiliated Bhartiya Mazdoor Sangh (BMS), which will also participate in the deliberations, said that it will urge the government to implement its notification to raise minimum wage from Rs 102 to Rs 350 per day for the entire country.

"As announced in the Union Budget 2016-17, it has now been decided to expand the investment basket of eligible instruments for investment by FPIs under the corporate bond route," RBI said in a notification.

Trade unions will raise the issueof minimum wage of Rs 21,000 per month for workers as well asa minimum pension of Rs 3,000 a month with Finance MinisterArun Jaitley in the pre-budget consultations this week.

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In the Union Budget 2012- 13, the Finance Minister introduced a new scheme called - Rajiv Gandhi Equity Saving Scheme with dual benefits of understanding and investment in Select Equities and also enjoying tax benefits for select investors. Read this space to know the key highlights of the scheme.

Source:The Hindu BusinessLine - Faced with myriad taxes and statutory compliances, the media and entertainment sector had eagerly hoped that Union Budget 2012 would simplify the onerous tax laws and resolve longstanding tax controversies. Levy of service tax and VAT on copyright content has been

The government has introduced Rajiv Gandhi Equity Scheme for new equity investors in the Union Budget 2012-13 Under the proposed scheme, a 50 per cent deduction on short-term capital gains tax will be allowed for new investors in the equity market up to an annual investment limit of Rs 50

Source:Economic Times - NEW DELHI: The Finance Minister Pranab Mukherjee on Monday announced various amendments in the Finance Bill proposed during the Union Budget 2012-13. Seeking to put to rest to both Indian and foreign investors Mukherjee delayed the application of GAAR by a year. Here

Source:The Hindu BusinessLine - April 22, 2012: The Finance Minister clearly indicated that Union Budget 2012-13 is a precursor to the Goods and Services Tax by proposing to introduce the negative list of services, under which all services would be taxed barring the 17 specified services. The list

My yet another target For AB Nuvo achieved this is was I had predicted on 1st of March
"The Union Budget 2012-13 is expected to be corporate house friendly and AB Group will gain to the levels of Rs.1000/- levels owing to positive Q-4 results and moderate Government Policy decisions.
I will update

Angel Broking has come out with its report on auto sector. Automobile sales surged at a brisk pace in March 2012 with passenger vehicles (PV) reporting healthy growth aided by pre-budget buying in anticipation of excise duty hike in Union Budget 2012-13.